Analyse produit facultative
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Enphase Energy Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $4.0B | |
|---|---|---|
| Revenue (ttm) | 1.2B | |
| Net income (ttm) | 90.8M | |
| EPS (ttm) | $0.68 | |
| Shares out | 132.3M | |
| P/E (trailing) | 36.7x | |
| P/E (forward) | 14.3x | |
| Volume | 25,520,414 | |
| Beta | 1.63 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $1.38B | $2.33B | $2.29B | $1.33B | $1.47B | +1.6% |
| Gross profit | $554.4M | $974.6M | $1.06B | $629.1M | $687.0M | +5.5% |
| Operating income | $215.8M | $448.3M | $445.7M | $77.3M | $157.5M | -7.6% |
| Net income | $145.4M | $397.4M | $438.9M | $102.7M | $172.1M | +4.3% |
| EPS (diluted) | $2.42 | $2.77 | $3.08 | $0.75 | $1.29 | -14.6% |
| EBITDA | $196.9M | $520.3M | $445.7M | $210.5M | $230.2M | +4.0% |
| R&D | $105.5M | $168.8M | $227.3M | $201.3M | $189.1M | +15.7% |
| SG&A | $104.1M | $140.0M | $137.8M | $130.8M | $135.8M | +6.9% |
Recent company headlines from major financial publishers.
In the Base scenario, FY2026 revenue contracts -19.5% to $1,185.75M as wholesale distributors complete channel destocking, before resuming modest growth of 3.1% in FY2027 and 12.0% in FY2028. Operating margins normalize from 12.0% in FY2026 to 18.0% by FY2030 as fixed R&D and administrative overhead are absorbed. Supported by stable gross margins in the 44-47% range and fabless cash generation, fair value synthesizes to $29.25 per share.
In the Bull scenario, declining interest rates reignite US residential solar installation growth, while rapid adoption of time-of-use tariffs pushes battery storage attach rates above one-quarter of installations. International expansion across Europe and Australia accelerates, and next-generation GaN microinverters expand market share in commercial three-phase installations. Revenue growth accelerates to double-digit rates, operating margins expand significantly on powerful operational leverage, and Enphase commands a premium valuation multiple reflecting platform software durability.
| Ke ↓ / g → | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 8.4% | $32.9 | $34.0 | $35.3 | $36.8 | $38.7 |
| 9.4% | $30.2 | $31.0 | $31.9 | $32.9 | $34.2 |
| 10.4% | $28.0 | $28.6 | $29.3 | $30.0 | $30.9 |
| 11.4% | $26.2 | $26.6 | $27.2 | $27.7 | $28.4 |
| 12.4% | $24.7 | $25.0 | $25.4 | $25.9 | $26.4 |
Upcoming earnings date and setup when available.
La notation portée par l'édition de recherche publiée chaque mois. Une notation compare le cours à la date d'analyse à la juste valeur ; elle n'indique pas si l'appréciation s'est révélée juste.
| Année | janv. | févr. | mars | avr. | mai | juin | juil. | août | sept. | oct. | nov. | déc. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
